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11
Oct 25, 2021
10/21
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BBCNEWS
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hsbc- didn't they? they did in the i seat ? indeed. hsbc grabbed didn't they? they did in the - seat ? indeed. hsbc grabbed the seat? indeed. hsbc grabbed the most profitable driver of its growth coming from the asian private wealth management business, so retail as well as ultra—high networks banking in asia is the core focus for hsbc. there is going to be a tricky needle to thread for hsbc to thread because they are 7 hsbc to thread because they are ? there are political headwinds to navigate between us and china trade tensions and they were supposed to have abated under president biden but have not done so yet, so this will be an important consideration as hsbc looks forward. there's also political — as hsbc looks forward. there's also political tension _ as hsbc looks forward. there's also political tension between. also political tension between china and the uk and uk mps accused hsbc injanuary, a hong kong founded band of aiding and abetting china's crackdown in hong kong. has the tension eased at all? it hong kong. has the tension eased at all?— e
hsbc- didn't they? they did in the i seat ? indeed. hsbc grabbed didn't they? they did in the - seat ? indeed. hsbc grabbed the seat? indeed. hsbc grabbed the most profitable driver of its growth coming from the asian private wealth management business, so retail as well as ultra—high networks banking in asia is the core focus for hsbc. there is going to be a tricky needle to thread for hsbc to thread because they are 7 hsbc to thread because they are ? there are political headwinds to...
1,004
1.0K
Jan 17, 2013
01/13
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COM
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hsbc targeted bay justice department witch hunt over a few minor infractions. >> hsbc admitted today that it covered up illegal transactions for burma, iran, sudan, cuba and libya. those nations were under banking sanctions because of human rights atrocities, terrorism or in iran's case, a nuclear program. >> stephen: big deal. [ laughter ] it's not like hsbc was the one enriching plutonium, they were just enriching themselves. there's just one other thing. >> it laundered more than $800 million for mexican drug cartels. >> hundreds of thousands of u.s. dollars daily deposited to hsbc mexico using boxes specially made to fit through tellers windows to speed transactions. >> stephen: okay, but how was hsbc supposed to know the big specially made boxes the cartels were dropping off were full of drug money? they could have just as easily been filled with human heads. [ laughter ] turns out it was drug money and once they were caught, hsbc was slammed with a $1.9 billion fine. $1.9 billion dollars. do you have any idea how long it would take them to earn that back? four weeks. [ laughter
hsbc targeted bay justice department witch hunt over a few minor infractions. >> hsbc admitted today that it covered up illegal transactions for burma, iran, sudan, cuba and libya. those nations were under banking sanctions because of human rights atrocities, terrorism or in iran's case, a nuclear program. >> stephen: big deal. [ laughter ] it's not like hsbc was the one enriching plutonium, they were just enriching themselves. there's just one other thing. >> it laundered...
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57
Feb 23, 2015
02/15
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BLOOMBERG
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hsbc earnings just raking. let's get out to an edwards for the details. >> this company possibly relieved the focus for the next five minutes is going to be very much on what they can deliver financially. hsbc pretax profit down by 17% in 2014. that's the first headline coming through. broadly unchanged in 2014. four-year reported pretax 18.7 billion against an estimate of 21.5 billion. shares are raising some of the gains they made already in the trading session. it seems the initial reaction is negative. adjusted revenue coming in at $62 billion compared to a forecast of 61 point 854. $18.7 billion. that was against an estimate of 21.5 billion. the number is lower than the estimate. the shares initially started to move lower as a result of these numbers coming out. they were previously a little stronger. capital ratio 10.9%. the ceo saying 2014 profits disappointed. the operators remain in a good position. the stocks falling as much as 1.8% as a result of these numbers hitting the terminal. the company reliev
hsbc earnings just raking. let's get out to an edwards for the details. >> this company possibly relieved the focus for the next five minutes is going to be very much on what they can deliver financially. hsbc pretax profit down by 17% in 2014. that's the first headline coming through. broadly unchanged in 2014. four-year reported pretax 18.7 billion against an estimate of 21.5 billion. shares are raising some of the gains they made already in the trading session. it seems the initial...
249
249
Mar 13, 2023
03/23
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CNBC
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eye 249
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that comes with the hsbc name. the other point i would make on the movers today if you look at the board, process exposed to the technology world this is being seen as a win for technology that they don't have to think about it as we he heard f -- we heard from the guest, taking on the risk this is a transfer company which dropped off the boards it was up there. people are rapidly moving funds around puts in focus some things at companies at this point london stock exchange is rallying not surprising >> the futures board pointed to some sense of positivity we wouldn't necessarily see things go down too much. it seems there is the contagion effect here. you have to deal with the early part of the trading picture. it is early and things may change if you look where we are right now on the board, we are facing a bit of negativity. whether that continues to be the case for the rest of the day and having seen the solutions come through and investors are looking through or trying to find more detail the devil is always i
that comes with the hsbc name. the other point i would make on the movers today if you look at the board, process exposed to the technology world this is being seen as a win for technology that they don't have to think about it as we he heard f -- we heard from the guest, taking on the risk this is a transfer company which dropped off the boards it was up there. people are rapidly moving funds around puts in focus some things at companies at this point london stock exchange is rallying not...
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23
Apr 28, 2020
04/20
by
BLOOMBERG
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eye 23
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hsbc has delivered their numbers and cfo is with us, ewen stevenson of hsbc. you talk about a recovery in hong kong and china. 70%, 80% recovery in the economy, what can you tell me? is lending going up? how would you qualify the recovery in china and hong kong? you: it is early days, but can see people getting back to improving statistics in mainland china and to a lesser extent, hong kong. progressively coming out of lockdown and the real call will be the demand side, particularly what is likely to be a significant recessionary event in europe and the u.s. in the second quarter. hong kong and mainland china are seeing early signs of her every -- a recovery. nejra: the big transformation plan you announced in february, your ceo has said this morning the restructuring will resume once the virus passes, but can you give us any guidance on how you are expecting savings to come from other measures apart from job cuts which have been put on pause? ewen: we are doing all of the things we should do to control our cost base and we now expect the beginning of the year
hsbc has delivered their numbers and cfo is with us, ewen stevenson of hsbc. you talk about a recovery in hong kong and china. 70%, 80% recovery in the economy, what can you tell me? is lending going up? how would you qualify the recovery in china and hong kong? you: it is early days, but can see people getting back to improving statistics in mainland china and to a lesser extent, hong kong. progressively coming out of lockdown and the real call will be the demand side, particularly what is...
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Feb 20, 2018
02/18
by
BBCNEWS
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and on the markets: hsbc isjust hsbc is just about to reopen from its lunch break. sorry, hang seng in hong kong. we will see how hsbc shares trade fair. a fairly mixed day with japan down after a very strong monday. let's bring you the details on your‘s biggest bank. —— europe's biggest bank. europe's biggest bank, hsbc, has reported a big jump in profits for last year. but it's mainly because it's been able to shake off the huge costs the company has faced in restructuring after a string of problems. it means there will be a strong base to build on when the new chief executive, john flint, takes the reigns from stuart guillver on wednesday. the numbers show that hsbc made a pre—tax profit of $17.2 billion for the calendar year of 2017. that's up a massive 1a1% on the $7.1 billion in made the year before. however, it's still below expectations. the bank says adjusted pre—tax profit of $21 billion gives a better idea of how the business is performing. it excludes one—off items and foreign exchange losses and was up 11% on a year ago. the bank's desire to
and on the markets: hsbc isjust hsbc is just about to reopen from its lunch break. sorry, hang seng in hong kong. we will see how hsbc shares trade fair. a fairly mixed day with japan down after a very strong monday. let's bring you the details on your‘s biggest bank. —— europe's biggest bank. europe's biggest bank, hsbc, has reported a big jump in profits for last year. but it's mainly because it's been able to shake off the huge costs the company has faced in restructuring after a...
61
61
Feb 20, 2018
02/18
by
BBCNEWS
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a changing of the guard at hsbc. willa a changing of the guard at hsbc. will a new a changing of the guard at hsbc. willa new leadership mean more profits for the banking giant? and richard branson tells the bbc about his plans to build the hyperloop train in india. its tuesday. good morning, asia. hello, world. glad you could join us. hsbc will have a new ceo taking the helm today after major restructuring turned its fortu nes major restructuring turned its fortunes around. uk—based lender reports full earnings and many will be watching for signs that the bank's pivot to asia will be a success. bank's pivot to asia will be a success. in the third quarter of last year, nearly 90% of its pre—tax profit came from here in the region. asia has been a key driving growth in the loans, insurance and wealth management business. the bank is betting big on the pearl river delta, the world's most populous urban area, by investing billions of dollars in infrastructure and the area but as stuart gulliver hands over tojohn flint, area but as stuart gulliver hands o
a changing of the guard at hsbc. willa a changing of the guard at hsbc. will a new a changing of the guard at hsbc. willa new leadership mean more profits for the banking giant? and richard branson tells the bbc about his plans to build the hyperloop train in india. its tuesday. good morning, asia. hello, world. glad you could join us. hsbc will have a new ceo taking the helm today after major restructuring turned its fortu nes major restructuring turned its fortunes around. uk—based lender...
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148
Feb 9, 2015
02/15
by
BBCAMERICA
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eye 148
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hsbc so what did the bank say? >> i have a statement, and they point out, there are numerous legitimate reasons for having this, that is certainly true. but they say some individuals took advantage of bank secrecy to hold undeclared accounts although not all of them. but then they go on to say that hsbc has fundamentally changed and there's been a complete overhaul of its private banking service. >> richard many thanks. that was richard billson with the bbc's panorama program. >>> president's president putin has blamed the problem on the west instead of moscow. his comments come as the german chancellor angela merkel heads to washington for talks with president obama, sure to be dominated by the ukraine crisis. she opposes arming ukraine's military, which washington is considering. meanwhile, on the ground, the fighting continues. our correspondent, james reynolds, has been to a town that has just fallen to the rebels. >> reporter: the rebels of eastern ukraine took this town on wednesday after a brutal fight. they
hsbc so what did the bank say? >> i have a statement, and they point out, there are numerous legitimate reasons for having this, that is certainly true. but they say some individuals took advantage of bank secrecy to hold undeclared accounts although not all of them. but then they go on to say that hsbc has fundamentally changed and there's been a complete overhaul of its private banking service. >> richard many thanks. that was richard billson with the bbc's panorama program....
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76
Feb 20, 2018
02/18
by
BBCNEWS
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eye 76
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hsbc, if i invest in hsbc today i am investing in an asia story. looking where the profits came from it is almost 90% of their profits came from asia. if you invest in shallow oil today, you are betting in the long term on the use of oil and the price of oil over time. —— if you invest in shah oil. if you invest in hsbc, it is an asia story with others. mr gulliver said hsbc is a simpler, stronger and more secure bank than in 2011. is that true? yes. they exited perhaps more than 20 countries during that time, substantially underperforming in brazil. he has beefed up in china and it has done a lot better. there is still work to be done. you mentioned the litigation issues that came up, it does not seem as many major ones. like many other bank reports i read there are still several pages of outstanding litigation faced by hsbc. several pages of outstanding litigation faced by hsbci several pages of outstanding litigation faced by hsbc. i wanted to get on but time is tight. thank you, peter, as always. let's take a look at some of the other stori
hsbc, if i invest in hsbc today i am investing in an asia story. looking where the profits came from it is almost 90% of their profits came from asia. if you invest in shallow oil today, you are betting in the long term on the use of oil and the price of oil over time. —— if you invest in shah oil. if you invest in hsbc, it is an asia story with others. mr gulliver said hsbc is a simpler, stronger and more secure bank than in 2011. is that true? yes. they exited perhaps more than 20...
77
77
May 3, 2016
05/16
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BLOOMBERG
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eye 77
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hsbc, paribas, they are all out. you are watching "bloomberg markets: middle east." ♪ manus: you are welcome back. it is "bloomberg markets: middle east." the theme of the first part of the show is hsbc. in turning the onset is the managing -- joining me on set is the managing director of the research capital. talk to me about the middle east. is theyis remarkable have squeezed more revenues out of their business. provisioning was very heavy in the fourth quarter for the region, particularly reflecting the oil situation. it was very light in the first quarter. many of the dubai banks were reporting pretty substantial risks in the first quarter. manus: we will keep an eye on the headlines, as they concern hsbc. the deposits have been dropping, that is one of the themes. udi actually delivered not a bad set of results, relative to what we were expecting. >> correct. provision it is light at the moment. we think it is still early stages. government spending is down 37% in the first quarter according to our numbers. we
hsbc, paribas, they are all out. you are watching "bloomberg markets: middle east." ♪ manus: you are welcome back. it is "bloomberg markets: middle east." the theme of the first part of the show is hsbc. in turning the onset is the managing -- joining me on set is the managing director of the research capital. talk to me about the middle east. is theyis remarkable have squeezed more revenues out of their business. provisioning was very heavy in the fourth quarter for the...
28
28
Feb 18, 2020
02/20
by
BLOOMBERG
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eye 28
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want to talk about hsbc. it appears it is having to deal with a strategy reboot that has fallen flat with investors. joining us from bloomberg opinion is our economist who covers finance, and the senior at fitchof banks ratings. what you make of this? >> it addresses the key challenges that hsbc has. also tackles some more long-standing issues such as an unwieldy organizational structure and quite a high cost base. we downgraded hsbc last december when the bank first announced they were going to review their strategy because this inability to generate really strong profitability showed some challenges to the business model. they are still rated a plus, so we expect a fairly solid operating performance going forward. guy: what doesn't the market like here? reporter: one, perhaps they would have liked a little bit more clarity in terms of where the bank is going to grow. obviously there's a greater pivot to asia, but also they are downplaying the coronavirus and the business in hong kong remains uncertain. the
want to talk about hsbc. it appears it is having to deal with a strategy reboot that has fallen flat with investors. joining us from bloomberg opinion is our economist who covers finance, and the senior at fitchof banks ratings. what you make of this? >> it addresses the key challenges that hsbc has. also tackles some more long-standing issues such as an unwieldy organizational structure and quite a high cost base. we downgraded hsbc last december when the bank first announced they were...
1,128
1.1K
Feb 21, 2017
02/17
by
BBCNEWS
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annual profits for hsbc collapsed by more than 60%. our economics editor kamal ahmed will talk us through what this means for the bank — and the sector as a whole. also in the programme... youtube scraps those 30 second ads it's impossible to skip through. good news for viewers, maybe — but what will it mean for the compa ny‘s coffers? and investors are grappling with the latest results from several key companies — we talk you through the good, the bad and the ugly. this is how europe's markets outside jesting them at the moment. and we'll be meeting the only living person who has invented and been implanted with a medical device to cure their own chronic medical condition. it's called the vibrant soundbridge, and has given geoffrey ball back his hearing. workers in australia's tax office have refused bosses‘ pleas to extend their working day from 4:51pm to 5pm. what could you achieve if you spent an extra nine minutes a day at work? just use the hastag bbc biz live and wherever you are — it is amazing what you can do in a
annual profits for hsbc collapsed by more than 60%. our economics editor kamal ahmed will talk us through what this means for the bank — and the sector as a whole. also in the programme... youtube scraps those 30 second ads it's impossible to skip through. good news for viewers, maybe — but what will it mean for the compa ny‘s coffers? and investors are grappling with the latest results from several key companies — we talk you through the good, the bad and the ugly. this is how europe's...
58
58
Jul 31, 2017
07/17
by
BBCNEWS
tv
eye 58
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it is, and hsbc traditionally have a lwa ys is, and hsbc traditionally have always been a good shareholder stock to have. in terms of always paying a regular dividend when they could, are regular dividend when they could, a re often regular dividend when they could, are often times when haven't, but they make sure shareholders onside but there in mind, this is a british bank but of course it is a global bank, east effectively in hong kong, the clue is in the name, but it sees itself with the uk base in birmingham. 0f itself with the uk base in birmingham. of course you have to look at global lease it's a good reflection as to how the global economy is doing and recovering and if you look at the bigger pictures the globe, despite what president trump likes to say about america, the global economy isn't to be that bad and hsbc reflects that. thank you, justin. he will be back reviewing our stories in the papers. let's talk about the last few days because apparently the world ‘s best hackers have been gathering. and if you want to get kudos from the hacking elite, the best way to do that is
it is, and hsbc traditionally have a lwa ys is, and hsbc traditionally have always been a good shareholder stock to have. in terms of always paying a regular dividend when they could, are regular dividend when they could, a re often regular dividend when they could, are often times when haven't, but they make sure shareholders onside but there in mind, this is a british bank but of course it is a global bank, east effectively in hong kong, the clue is in the name, but it sees itself with the uk...
6
6.0
Oct 27, 2020
10/20
by
BLOOMBERG
tv
eye 6
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hsbc and santander beat. hsbc tells me a returned to dividends could be on the cards. evaluation ate a the back end of this year on the regulatorstlook, our in due course but markets should expect us to start conservatively. very conservatively. what will the dividend be? the yield was 2.5% before. it came down to the regulators and they don't. markets, you had the worst selloff in a month, 2%. is that the beginning of something bigger? we are back one third of 1% up. notes are reevaluating the blue sweep. 2% off equities gave five basis points on bonds, blackrock downgrades treasuries, they are upping their inflation linked exposure, and at the same time guess what. it was a flashy moment in the dollar yesterday. equities, a bit of froth came off. the dollar went bit, but block crack -- blackrock, back to basics. regardless of the election outcome, the dollar will lag for one to three years. over the get a blip election, but fundamentally, it is expensive. europe, the second wave of coronavirus continues to rage across the continent. the one step no politician wants t
hsbc and santander beat. hsbc tells me a returned to dividends could be on the cards. evaluation ate a the back end of this year on the regulatorstlook, our in due course but markets should expect us to start conservatively. very conservatively. what will the dividend be? the yield was 2.5% before. it came down to the regulators and they don't. markets, you had the worst selloff in a month, 2%. is that the beginning of something bigger? we are back one third of 1% up. notes are reevaluating the...
30
30
Feb 21, 2017
02/17
by
BLOOMBERG
tv
eye 30
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hsbc they are instigating a further $1 billion buyback program. this is critical because we had , a threethat from ubs billion dollars by back, so less than what ubs would have expected, so let's cross over to hsbc's headquarters. results coming through come in yes, everyone closely watching for example this announcement about share buybacks come up one of the contributors to driving hsbc asres much higher last year well as the slumping pound. they are also looking at other factors. the fact that bloomberg intelligence has pointed out, can hsbc keep revenues greater than costs? saw an improvement across performance when it announced results in november, and those drove shares higher on that day. when you look at the details that will come out in the coming minutes regarding the results for the full year and fourth quarter from hsbc. one other factor is the contribution of facia. asia contributes more 40% of revenues there. we saw asian growth have been slowing, and had been one of the clouds on the horizon for hsbc. how are things going to go this
hsbc they are instigating a further $1 billion buyback program. this is critical because we had , a threethat from ubs billion dollars by back, so less than what ubs would have expected, so let's cross over to hsbc's headquarters. results coming through come in yes, everyone closely watching for example this announcement about share buybacks come up one of the contributors to driving hsbc asres much higher last year well as the slumping pound. they are also looking at other factors. the fact...
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38
Feb 20, 2018
02/18
by
BLOOMBERG
tv
eye 38
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at least, hsbc hope so. you forwe'll hold on to a second as we wait for the additional lines from hsbc. what are we going to hear in terms of potential buyback? mixed opinions on that front. exposures to things like steinhoff scandal is the other possible pocket of weakness, isn't it? stephen: right. well, on the buyback, a number of analysts do expect upwards of $4 billion in possible buybacks in addition to the 5.5 billion they have already announced since august of 2016. bloomberg intelligence do not expect a share buyback in the near-term. as far as the provisions, that is something we have to wait for in the conference call. i believe the conference call is in 3.5 hours time local, but the steinhoff, the south african retailer that is stricken recently, hsbc, one of several banks, including u.s. banks and european banks with expected credit losses, will like to see the provisioning might have to be as well as carillion, the failed british number two builder, collapsed with more than 2.2 billion dollars
at least, hsbc hope so. you forwe'll hold on to a second as we wait for the additional lines from hsbc. what are we going to hear in terms of potential buyback? mixed opinions on that front. exposures to things like steinhoff scandal is the other possible pocket of weakness, isn't it? stephen: right. well, on the buyback, a number of analysts do expect upwards of $4 billion in possible buybacks in addition to the 5.5 billion they have already announced since august of 2016. bloomberg...
30
30
Mar 13, 2023
03/23
by
BLOOMBERG
tv
eye 30
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tom: hsbc buys the u.k. arm of svb for one pound after authority spent a weekend devising ways to avert the units collapse. u.s. authorities back stock depositors of failed lender svb as well as signature bank after it is shot. two year treasury yields plunging again as traders scale back rate high bets. bloomberg -- markets are such francine: this is what the futures are looking like. the collapse of good value bank was swift and brutal. everyone was in a panic about what would happen next. the u.s. and u.k. would not only sell the u.k. arm but guaranty off depositors. the question asked is what happens next for the fed. tom: here in the u.k. but also over in the u.s.. the question for investors will be to what extent are these moves particularly in the u.s. sticky masters -- measures. the equity markets in europe reflecting what's happening in terms of the steps made again to reduce the risks in the u.k. and with svb and the other bank sectors. we will zero in on the banking sector shortly. the ftse 100 of
tom: hsbc buys the u.k. arm of svb for one pound after authority spent a weekend devising ways to avert the units collapse. u.s. authorities back stock depositors of failed lender svb as well as signature bank after it is shot. two year treasury yields plunging again as traders scale back rate high bets. bloomberg -- markets are such francine: this is what the futures are looking like. the collapse of good value bank was swift and brutal. everyone was in a panic about what would happen next....
0
0.0
Jun 12, 2023
06/23
by
CNBC
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eye 0
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it sounds like an interesting time hsbc looking to take silicon valley bank uk brand under hsbc global and looking to fund startups it will be interesting to see how it plays out in the tough environment for tech startups. guys, back to you. >> arjun, fantastic interview. so many startups are key to understand how leadership will change with hsbc and if lending standards will change. >>> let get back to the corporate news in focus today. this is chinook therapeutics novartis is ak -- acquiring for $3.5 billion. >>> to the news we announced moments ago. more and more outlets are reporting that berlsilvio berlun has passed away. this will lead to the questions of the italian party and who will replace him at the mel heli -- helm he has many supporters he has been a looming figure over italian politics for three decades now. the intersection of business and politics >>> a quick look at european markets. all of the majors are opening up in the green we have a big week ahead with the lots of central bank decisions to watch we have the ecb here and all eyes on fed on wednesday as well >> bef
it sounds like an interesting time hsbc looking to take silicon valley bank uk brand under hsbc global and looking to fund startups it will be interesting to see how it plays out in the tough environment for tech startups. guys, back to you. >> arjun, fantastic interview. so many startups are key to understand how leadership will change with hsbc and if lending standards will change. >>> let get back to the corporate news in focus today. this is chinook therapeutics novartis is...
48
48
May 4, 2017
05/17
by
BLOOMBERG
tv
eye 48
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hsbc opening in hong kong. it could signal downward pressure because it seems investors are upset there was not announced a further by back from hsbc. amorepacific in korea showing a significant rally. equities booking that downward trend we have seen across most of the rest of the region. yeah, juliette, thank you so much. let us get a quick check of the latest business flash headlines read barclays has completed the sale of this egyptian unit to a bank. the 1500 employees and 56 branches in cities such as alexandria, and have been transferred to the moroccan-owned bank. it has been in egypt since 1864 and it was valued by some at half $1 billion. barclays recently reported first quarter profits that more than doubled year on year. yousef: in an effort to boost -- saudi arabia's fannie mae equivalent has started approaching banks to buy their portfolios. we will have about $1.3 billion of its own capital and will work with the government's investment fund to invest another $1.3 billion. saudi arabia has one of
hsbc opening in hong kong. it could signal downward pressure because it seems investors are upset there was not announced a further by back from hsbc. amorepacific in korea showing a significant rally. equities booking that downward trend we have seen across most of the rest of the region. yeah, juliette, thank you so much. let us get a quick check of the latest business flash headlines read barclays has completed the sale of this egyptian unit to a bank. the 1500 employees and 56 branches in...
0
0.0
Feb 21, 2023
02/23
by
BBCNEWS
tv
eye 0
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anything out today from hsbc _ priority. anything out today from hsbc about _ priority. anything out today from hsbc about what's - from hsbc about what's investing in, it invested a bit and fossil feels, investing in, it invested a bit and fossilfeels, many investing in, it invested a bit and fossil feels, many banks are moving away to take a more greener strategy. are moving away to take a more greenerstrategy. hsbc are moving away to take a more greener strategy. hsbc is not and it's profited from that, hasn't it?— and it's profited from that, hasn't it? , , ., hasn't it? remember last year the not hasn't it? remember last year they got the — hasn't it? remember last year they got the rest _ hasn't it? remember last year they got the rest slapped - hasn't it? remember last year they got the rest slapped by l they got the rest slapped by they got the rest slapped by the advertising standards authority because they claim to be a very sustainable and renewable based business but actually they have been doing a lot of landing two in particular the thermal coal industr
anything out today from hsbc _ priority. anything out today from hsbc about _ priority. anything out today from hsbc about what's - from hsbc about what's investing in, it invested a bit and fossil feels, investing in, it invested a bit and fossilfeels, many investing in, it invested a bit and fossil feels, many banks are moving away to take a more greener strategy. are moving away to take a more greenerstrategy. hsbc are moving away to take a more greener strategy. hsbc is not and it's...
64
64
Jun 9, 2015
06/15
by
BLOOMBERG
tv
eye 64
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hsbc, and greece. angela merkel says there is not much time to find a deal if negotiations continue. joining us for more is bob senior independent client advisor of global markets. a pleasure to have you. i was heartened yesterday. i saw people agreeing about greece but what they were agreeing on was angela merkel -- the need for urgency around greece. that is what they are agree not. bob: this will probably drag on. this is 50-50 now whether greece makes it through the eurozone. we will end up with no compromise or very little. we will end up with elections and greek people will have to make a choice again. guy: how does the market react to what looks like a binary decision in your view? bob: even if the worst happens in greece is forced into a proper default, from a systemic perspective, they have enough in place to stop anything really bad happening across europe in the short-term. i think longer run there are some difficult choices. if the greeks get a good deal, the perception is spain and portuga
hsbc, and greece. angela merkel says there is not much time to find a deal if negotiations continue. joining us for more is bob senior independent client advisor of global markets. a pleasure to have you. i was heartened yesterday. i saw people agreeing about greece but what they were agreeing on was angela merkel -- the need for urgency around greece. that is what they are agree not. bob: this will probably drag on. this is 50-50 now whether greece makes it through the eurozone. we will end up...
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Jul 31, 2017
07/17
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BBCNEWS
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also among the winners hsbc. rolls—royce is the biggest loser on the ftse 100 winners hsbc. rolls—royce is the biggest loser on the ftse100 today, coming up with their results tomorrow. let's keep an eye on them. we'll talk about their results tomorrow. heineken saw their sales rising in the first half by almost 6% soa rising in the first half by almost 6% so a lot of earnings coming through, we'll try to keep you up with all of that, now looking ahead to wall street with michelle. stocks are trading near record highs, will the corporate earnings this week help to keep prices aloft? we are more than halfway through reporting season, good results so far, companies listed on track to increase earnings by more than 10%. there's also some positive economic data last week pointing to faster growth in the second quarter. which names should we look forward to keeping the momentum going this week? perhaps the biggest is apple, which reports on tuesday. the tech giant is expected to turn in a rise in revenue for the third quarter thanks to stronger sales of its iphone seven and sev
also among the winners hsbc. rolls—royce is the biggest loser on the ftse 100 winners hsbc. rolls—royce is the biggest loser on the ftse100 today, coming up with their results tomorrow. let's keep an eye on them. we'll talk about their results tomorrow. heineken saw their sales rising in the first half by almost 6% soa rising in the first half by almost 6% so a lot of earnings coming through, we'll try to keep you up with all of that, now looking ahead to wall street with michelle. stocks...
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Aug 3, 2015
08/15
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CNBC
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that of course has played a part on hsbc. this comes as hsbc's shares in the green with its results. the company posting a 10% rise in first half profits helped by trading activity in china. hsbc also announcing the sale of its brazilian unit for more than $5 billion as the firm looks to shed some of its less profitable assets. joining us from eric moore. thank you for joining us let's kick off with hsbc. of course you're an in portfolio manager with a focus on the uk. >> that's right. >> you used to hold hsbc but you don't at the moment is that right? >> i don't at the moment. it's in a transitional period. it's given up as being the world's local bank. and trying to figure out what is the role of such a large organization in a world where regulators want simplicity. investors want simplicity. and maybe hsbc is the world most complex bank. >> it's a complex bank. but times in the second quarter where we see the huge volatility in the markets and other markets doing better is it still one that's too big? because we still want
that of course has played a part on hsbc. this comes as hsbc's shares in the green with its results. the company posting a 10% rise in first half profits helped by trading activity in china. hsbc also announcing the sale of its brazilian unit for more than $5 billion as the firm looks to shed some of its less profitable assets. joining us from eric moore. thank you for joining us let's kick off with hsbc. of course you're an in portfolio manager with a focus on the uk. >> that's right....
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Feb 20, 2018
02/18
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BLOOMBERG
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. ♪ guy: hsbc misses in q4. shares drop sharply in hong kong as they are heading to the worst performance since stuart gulliver's 10 year. he leaves today after 30 years of the bank. bhp's half-year profit jumped 25%. that is not the big number. it is boosting its dividend by a whopping 38%. the market wanted more. it is a big week for a bonds as treasuries reopen. will investors drive the 10 year through 3%? good morning. let's talk about these markets and get into the details of what you need to know. the fair value london fairly flat. interesting to see how hsbc opens. it will be interesting to see how bhp opens. bhp really flat. hsbc trading lower. that is the picture. that is the set up into europe. let's take a look that dmx talk about asian trade is going. hong kong dominated by what happened with hsbc. korea, indonesia trading softer. europe generally a little bit softer. the dollar is trading higher. that is something to pay attention to. this is what some of the asian currencies are doing right now. in
. ♪ guy: hsbc misses in q4. shares drop sharply in hong kong as they are heading to the worst performance since stuart gulliver's 10 year. he leaves today after 30 years of the bank. bhp's half-year profit jumped 25%. that is not the big number. it is boosting its dividend by a whopping 38%. the market wanted more. it is a big week for a bonds as treasuries reopen. will investors drive the 10 year through 3%? good morning. let's talk about these markets and get into the details of what you...
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4.0
Feb 22, 2021
02/21
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BLOOMBERG
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. ♪ >> hsbc embarking on a huge project. >> in terms of targeting that. >> hsbc has appointed a person to a permanent role. >> absolute turmoil to financial markets. the bank is opting for the study. hsbc at 7.1% in hong kong dividends over the coronavirus. >> it must be changed. did he say hong kong-based bank? >> being hit by a perfect storm here. people are seriously beginning to question whether hsbc in the u.k. is sustainable. >> 2021 is still uncertain. >> caught in the crossfire, the hsbc chief executive will face u.k. lawmakers this week. they are facing scrutiny over freezing the account of hong kong activists. >> good times and bad times in challenging times. today is a particularly challenging time. walking away from hong kong? the answer is no. >> hsbc is very strong in hong kong and has been a very important part. i would love to ca presence of the bank in hong kong. -- i would love to see a presence of the bank in hong kong. >> you heard from one of our guests, and bringing him back to hear more about his expectations with the company's full-year results. always great to
. ♪ >> hsbc embarking on a huge project. >> in terms of targeting that. >> hsbc has appointed a person to a permanent role. >> absolute turmoil to financial markets. the bank is opting for the study. hsbc at 7.1% in hong kong dividends over the coronavirus. >> it must be changed. did he say hong kong-based bank? >> being hit by a perfect storm here. people are seriously beginning to question whether hsbc in the u.k. is sustainable. >> 2021 is still...
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Feb 18, 2020
02/20
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BLOOMBERG
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job cuts at hsbc. the bank is set to/about 15% of its workforce in another attempt to revive its fortunes. the cfo you and stevenson -- ewen stevenson
job cuts at hsbc. the bank is set to/about 15% of its workforce in another attempt to revive its fortunes. the cfo you and stevenson -- ewen stevenson
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Jan 11, 2013
01/13
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COM
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hsbc will face prosecution. there's no criminal charges against any of the managers or individuals who lewd this to go on. >> jon: yeah, no, obviously river is the big house. by river i mean the same and by big house i mean a mansion on it. [ laughter ] so what is the actual unsatisfying risk punishment here. >> the u.s. government is expected to announce tomorrow that europe's biggest bank hsbc will pay $1.9 billion to settle money laundering charges. >> jon: oh, wow. $1.9 billion. i mean that's going to take them weeks -- [ laughter ] to pay down. why exactly no prosecution? >> the bank's lawyers have argued that a successful prosecution of hsbc could have put the bank out of business in the u.s. costing lots of jobs and disrupting financial markets. >> u.s. officials apparently agreed that many many ways hsbc became simply too tboig prosecute. >> jon: wait that -- that's a thing? you can get too big to -- your organization can reach a certain size and importance in this country that it grants you immunity fro
hsbc will face prosecution. there's no criminal charges against any of the managers or individuals who lewd this to go on. >> jon: yeah, no, obviously river is the big house. by river i mean the same and by big house i mean a mansion on it. [ laughter ] so what is the actual unsatisfying risk punishment here. >> the u.s. government is expected to announce tomorrow that europe's biggest bank hsbc will pay $1.9 billion to settle money laundering charges. >> jon: oh, wow. $1.9...
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Jul 19, 2012
07/12
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CSPAN2
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of hsbc. having been a compliance officer for 13 years in a bank that operates an approximate 80 jurisdictions worldwide, i have dedicated my career not only within hsbc, but through my broader industry work as well. beating significant challenges that confront global banking institutions in the world we live in. i have followed the work of the subcommittee and seeing how your work has advanced important dialogues and help the international banking committee including hsbc identify and address potential vulnerabilities. my chief focus as that of compliance at hsbc has been promoting the values that we as a bank have set for ourselves and the guys that you and our regulators both in united states and around the world rightly expect from a global bank like hsbc. and while there have been successes on many compliance issues, i recognize that there have been some significant areas of failure. i have said before and i will say again, despite the best efforts and intentions of many dedicated profess
of hsbc. having been a compliance officer for 13 years in a bank that operates an approximate 80 jurisdictions worldwide, i have dedicated my career not only within hsbc, but through my broader industry work as well. beating significant challenges that confront global banking institutions in the world we live in. i have followed the work of the subcommittee and seeing how your work has advanced important dialogues and help the international banking committee including hsbc identify and address...
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0.0
Feb 21, 2023
02/23
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BLOOMBERG
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hsbc shares are trading lower. the lender is considering a special payout after the sale of assets in canada and china. the ceo told me a short time ago that he is not overly concerned about the performance in the u.k.. noel: from my own portfolio, what i see through our consumer business, retail business, we are not seeing major signs of stress at the moment. it is in relatively normal territory. in our wholesale and commercial banking business, i think there are some corporates starting to feel some cash flow pressure because of higher inflation, higher interest rates, but again, that still fairly marginal i would say at the moment for us. manus: he went on to say he was more positive in general sentiment on the u.k. perhaps than some other people out there. tom metcalf joins me. good to see you. a lot to chew on in terms of the statement and guidance from noel. let's start with the numbers first of all. special divvy, attempted share buyback. what stood out for you? tom: across the board, hsbc came ahead of esti
hsbc shares are trading lower. the lender is considering a special payout after the sale of assets in canada and china. the ceo told me a short time ago that he is not overly concerned about the performance in the u.k.. noel: from my own portfolio, what i see through our consumer business, retail business, we are not seeing major signs of stress at the moment. it is in relatively normal territory. in our wholesale and commercial banking business, i think there are some corporates starting to...
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Feb 22, 2016
02/16
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BLOOMBERG
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a big mess at hsbc. europe's biggest bank posts a loss of $800 million in revenue slumps and bad loan charges mount. barcelona. cells --ing smartphone sales -- seconds away from the european cash open it looks like european equities are going to open on and up on around 8%. let's go to nara for the open. nejra: we saw gains in asia. if you look at the shanghai comp said rising the most this month. let's take a look at how european stocks are opening. we are seeing ftse 100 going up .3%. this after david cameron got that deal in brussels on friday night. deal to try and avert a brexit. since then we have heard london mayor boris johnson saying he is going to support the lead camp. cap 40 unchanged at the moment. -- cac 40 unchanged at the moment. 9/10 -- up .9%. let's take a look at the pound because this is a trade we have been keeping an eye on. you can see the pound down against the dollar. dropped the most in a month after boris johnson came out saying he would support the lead camp. we have seen the
a big mess at hsbc. europe's biggest bank posts a loss of $800 million in revenue slumps and bad loan charges mount. barcelona. cells --ing smartphone sales -- seconds away from the european cash open it looks like european equities are going to open on and up on around 8%. let's go to nara for the open. nejra: we saw gains in asia. if you look at the shanghai comp said rising the most this month. let's take a look at how european stocks are opening. we are seeing ftse 100 going up .3%. this...
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Feb 21, 2017
02/17
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BLOOMBERG
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hsbc stocks slump. a $1 billion stock repurchase. the cfo tells us more buybacks could be on the horizon. -- and mining firms see profits jump on the back of commodity prices. harker boosts the buck. the philadelphia fed president says he will not rule out that rates next month. welcome to the program everyone. a half-hourthan away from the opening to the trade date this tuesday. looking pretty flat on the euro stocks 50. , possibly one of the weights on the ftse 100. one of the equities that will be weighing down that particular benchmark. it is been a week performer in the hong kong session. the dax seeing a little bit weaker and the cac keeping its head above the water. let us pull out some of the interesting moves. over on the side we have commodities with iron or making another move higher. highe touched on another overnight in the asian session for iron ore futures. a productionning cut. of some key political gatherings and that is boosting commodity prices. on the left, we have the foreign exchange markets. we have some decent
hsbc stocks slump. a $1 billion stock repurchase. the cfo tells us more buybacks could be on the horizon. -- and mining firms see profits jump on the back of commodity prices. harker boosts the buck. the philadelphia fed president says he will not rule out that rates next month. welcome to the program everyone. a half-hourthan away from the opening to the trade date this tuesday. looking pretty flat on the euro stocks 50. , possibly one of the weights on the ftse 100. one of the equities that...
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Aug 5, 2019
08/19
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BBCNEWS
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hsbc has not given us a specific reason for this. it is quite a surprise, this decision, but they did say in a statement accompanying the results that this has been an increasingly complex and challenging global environment which they think they are currently operating right now. and they say that that is the reason why a change is needed, to meet these challenges faced by the bank and to capture the significant opportunities before it. that is what the statement says. if we look atjohn flint‘s tenure at the bank, he spent 30 years at hsbc and in his role as ceo he was very much about focusing on china. remember, even though this is your‘s largest and, much of the money it makes is out here in asia—pacific. a big part of the growth strategy was to do more business in china. there are some suggestions that those plans, his plans, may well have faced some resistance from the chinese government and this has to do with the chinese telecom firm huawei, it reportedly saw internal e—mails from hsbc that the us department ofjustice e
hsbc has not given us a specific reason for this. it is quite a surprise, this decision, but they did say in a statement accompanying the results that this has been an increasingly complex and challenging global environment which they think they are currently operating right now. and they say that that is the reason why a change is needed, to meet these challenges faced by the bank and to capture the significant opportunities before it. that is what the statement says. if we look atjohn...
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0.0
May 5, 2023
05/23
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CNBC
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banks obviously, hsbc came in and took over the u.s. arm of hsbc. how is that viewed in the investor base and how is the integration going so far >> it is very early days it is just over a month. i have many friends at silicon valley bank. i'm involved in fintech heavily. it is disappointed over what happened and it was very sudden. actually, the collapse was mainly due to bad decision making by silicon valley bank executive team what has happened is hsbc got a sweet deal they got the uk bank for a pound. it delivered $1.5 billion of profit that's good news in terms of integration, there are many challenges. hsbc is not really known as a fintech or tech bank they are known more as an international or commercial bank for multinational institutions i i'm not sure how they implement. >> chris, a lot going on in the banking space right now. there seem to be as we speak to people in europe over what is happening in the u.s. with regional banks will have a knock-on effect over here. do you feel that whatever is happening with those smaller u.s. regional b
banks obviously, hsbc came in and took over the u.s. arm of hsbc. how is that viewed in the investor base and how is the integration going so far >> it is very early days it is just over a month. i have many friends at silicon valley bank. i'm involved in fintech heavily. it is disappointed over what happened and it was very sudden. actually, the collapse was mainly due to bad decision making by silicon valley bank executive team what has happened is hsbc got a sweet deal they got the uk...
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Jul 20, 2012
07/12
by
COM
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or hsbc, the s stands for-- (laughter) got a lot of those. anyway i give you the senate testimony of the head of hsbc david bagley, this should be good. >> i have said before and i will say again, despite the best efforts and intentions of many dedicated professionals, hsbc has fallen short of our own expectations and the expectations of our regulators. >> jon: really, fallen short? fallen short of the expectations of regulators. that's something you say when you were supposed to submit a form by the 12th and didn't get it in until the 15th. (laughter) the expectation you fell short of is the one that the bank my son's lemonade stand passport account money in is also helping out al qaeda by shoulder-- buy shoulder mounted stinger missiles. that is today's global update. let's turn to happier news. remember congressman anthony weiner f not-- let me refresh your memory. this is his [bleep]. (laughter) that's his [bleep], yup. my apologies if you have one of those hd 3-dtvs at home. probably just knocked a lamp all your table. (laughter) anyway
or hsbc, the s stands for-- (laughter) got a lot of those. anyway i give you the senate testimony of the head of hsbc david bagley, this should be good. >> i have said before and i will say again, despite the best efforts and intentions of many dedicated professionals, hsbc has fallen short of our own expectations and the expectations of our regulators. >> jon: really, fallen short? fallen short of the expectations of regulators. that's something you say when you were supposed to...
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Feb 20, 2018
02/18
by
BLOOMBERG
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let's start off with hsbc. they reported fourth-quarter pretax profit, $3.6 billion, missing the lowest estimate among analysts surveyed. it is a rare failure to live up to analyst earning estimates. reign chief executive's comes to an end. two clients reported narrowing lending margins. speaking to bloomberg, the hsbc finance director says numbers were a factor. >> the fourth quarter, certainly from our perspective in the industry's, was a little bit weaker with respect to bank and market revenues, particularly in the ficc space. group,on with our peer we took a couple provisions for significant corporate exposures in the fourth quarter. billiton has protected a new activists call for a corporate overhaul and trying to boost investor returns. first-half profits of the world's biggest miner rose to a three-year high. bhp raised interim dividend payments 38% to beat estimates as underlying earnings rose by 25% of $4.1 billion. that was your bloomberg business flash. manus: thank you. westway is vanguard's chief
let's start off with hsbc. they reported fourth-quarter pretax profit, $3.6 billion, missing the lowest estimate among analysts surveyed. it is a rare failure to live up to analyst earning estimates. reign chief executive's comes to an end. two clients reported narrowing lending margins. speaking to bloomberg, the hsbc finance director says numbers were a factor. >> the fourth quarter, certainly from our perspective in the industry's, was a little bit weaker with respect to bank and...
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260
Jun 9, 2015
06/15
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KQED
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>> today hsbc has cut its cost, with the u.k. bearing the brunt of an efficiency drive. 8000 jobs will go. >> people are shocked. they did not know this was coming. 8000 people is a big number for the u.k. bank. >> up to 100 bank branches could close, though the bank has not revealed which one. we spoke to customers in north yorkshire. >> i used to go five or six miles to the bank, if i had to go 15, i might be upset. >> today, hsbc announced it would not change the name of its business. new government rules insist that its investment bank and other bank are separate. 80% of the profits come from asia, and hsbc could be looking at selling the u.k. business in its entirety. one name which could be considered for the new hsbc height streambank is the midland. the bank hsbc bought in 1992. it is a useful shot in the arm for bank where profits were falling. analysts said it was hard work making money at of global thinking. >> multiple lines in multiple parts of the world created risk. as a result, we focused on a few parts of busines
>> today hsbc has cut its cost, with the u.k. bearing the brunt of an efficiency drive. 8000 jobs will go. >> people are shocked. they did not know this was coming. 8000 people is a big number for the u.k. bank. >> up to 100 bank branches could close, though the bank has not revealed which one. we spoke to customers in north yorkshire. >> i used to go five or six miles to the bank, if i had to go 15, i might be upset. >> today, hsbc announced it would not change...
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Feb 23, 2015
02/15
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BLOOMBERG
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hsbc under political fire. the investment bank reports earnings in just under 15 minutes time as allegations of facilitating tax evasion continue to heat up. depends negate to 25 kicked off the week extending a high. a record high in london. just 15 points away from the all-time high. futures markets a little bit higher. dax futures up 0.8%. one man with the european market open. it's manus cranny. >> it looks like the devil in the details in terms of what greece gives us for an agreement. we are already seeing one of the oldest political members of cerise -- five reza taking to the internet -- syriza taking to the internet. we have had the best start of the year since 1997. volatility is on the up. v
hsbc under political fire. the investment bank reports earnings in just under 15 minutes time as allegations of facilitating tax evasion continue to heat up. depends negate to 25 kicked off the week extending a high. a record high in london. just 15 points away from the all-time high. futures markets a little bit higher. dax futures up 0.8%. one man with the european market open. it's manus cranny. >> it looks like the devil in the details in terms of what greece gives us for an...
WHUT (Howard University Television)
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173
Jul 17, 2012
07/12
by
WHUT
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hsbc processes more than $1 trillion each and every day. that is what goes through the banking system. it has 110 million customers. it has 200,000 employees. it is a bank that does very well as making a lot of money and it pays its shareholders. shareholders know there will continue operating and making a lot of money. it is hugely embarrassing for the bank. he built the the actual statement, a bank allowed the bank to act as a fine answer to clients seeking a shadowy funds from the world's most dangerous. >> they're not mincing words. >> they are not mincing their words. we know they are going to apologize. they're going to say that we're going to make an absolute commitment. the whole global baking industry -- let's have a listen. >> what we had three years ago, for example, with the failure of lehman's. in financial terms, that was much bigger. three years down the line, these are the scandals. it gives a clearly public opinion against bankers. investors will start shying away again. all this uncertainty surrounding them. >> he is talki
hsbc processes more than $1 trillion each and every day. that is what goes through the banking system. it has 110 million customers. it has 200,000 employees. it is a bank that does very well as making a lot of money and it pays its shareholders. shareholders know there will continue operating and making a lot of money. it is hugely embarrassing for the bank. he built the the actual statement, a bank allowed the bank to act as a fine answer to clients seeking a shadowy funds from the world's...
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Jul 18, 2012
07/12
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CSPAN2
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eye 138
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before you want to go i want to thank hsbc for the cooperation as i said in my opening statement, hsbc was totally cooperative with this investigation. we appreciate that. so, we are going to have you go first followed by mr. thurston and mr. gallagher then mr. login then we will turn to questions. mr. bagley, please proceed. >> thank you pittard could morning german 11, dr. colburn and members of the subcommittee. my name is david bagley. thank you for the opportunity to be here today. i have submitted written testimony but in the interest of time, i have can't find my remarks to a few points. since 2002 i've been the head of the group compliance said that global parent of hsbc. having been for 30 years in the banking that operates approximately 80 to the sections worldwide, i have dedicated my career not only within each spc but through by broad industry work as well to meeting the significant challenges that confront the global banking institutions in the world that we live. i followed the work of the subcommittee and have seen how your work has advanced important dialogues and how
before you want to go i want to thank hsbc for the cooperation as i said in my opening statement, hsbc was totally cooperative with this investigation. we appreciate that. so, we are going to have you go first followed by mr. thurston and mr. gallagher then mr. login then we will turn to questions. mr. bagley, please proceed. >> thank you pittard could morning german 11, dr. colburn and members of the subcommittee. my name is david bagley. thank you for the opportunity to be here today. i...
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35
Aug 3, 2020
08/20
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BBCNEWS
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eye 35
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hsbc profits plummet 96% for top across hsbc based in london that isa top across hsbc based in london that is a vertiginous drop, is in a? yes it is. although i'm sure there will be tiny violins playing out in the country for not making big profits. as you might expect it this year it has pretty serious implications. it's a real canary in the coal mine for the sake of the rest of the uk economy. a lot of this appears to be down to potentially default in the year and next year. a pretty big recession hits home this is not a good sign for the uk. as you say, it's also an interesting story. because hsbc is absolutely at the nexus of this west versus china issue which is clearly going to dominate much of the century. we saw hsbc come out in support of china's new laws in hong kong last month. which was widely condemned by western government, western customers. hsbc is in a hugely difficult position trying to sit between these two warring sides. anna, so much for a v—shaped recovery. i think the bank itself looking to make 35,000 job cuts itself. yes. jack is absolutely right when he tal
hsbc profits plummet 96% for top across hsbc based in london that isa top across hsbc based in london that is a vertiginous drop, is in a? yes it is. although i'm sure there will be tiny violins playing out in the country for not making big profits. as you might expect it this year it has pretty serious implications. it's a real canary in the coal mine for the sake of the rest of the uk economy. a lot of this appears to be down to potentially default in the year and next year. a pretty big...
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Jul 31, 2017
07/17
by
BLOOMBERG
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eye 41
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you're waiting for the first flash on hsbc. industrials off by .2%, but financials are going to lead the charge. asp best hsbc, they want to see higher rates. you have us believe in growth, leaving europe, and the issue this morning, we were talking about the velocity of the euro, the rise of the euro. he said to me, it is not so much of the endpoint of where the euro gets too, it is the speed with which it travels there because the ecb to intervene. they see more tolerant of a higher euro on the way. the stoxx 600 is up .8%. week for the bank of england, not least because some of the members are about to go on strike, but also because you are going to get some new growth levels on the bank of england. where is that rate hike? heidi is disappeared with the rate hikes stake. the possibility of a rate hike in the u.s. it seems to have completely evaporated, but you are going to see the euro get into a new plan. 95, but you are going to see this euro rise and sterling fall. hsbc at the bottom of your screen up 3.13%, $2 million by
you're waiting for the first flash on hsbc. industrials off by .2%, but financials are going to lead the charge. asp best hsbc, they want to see higher rates. you have us believe in growth, leaving europe, and the issue this morning, we were talking about the velocity of the euro, the rise of the euro. he said to me, it is not so much of the endpoint of where the euro gets too, it is the speed with which it travels there because the ecb to intervene. they see more tolerant of a higher euro on...
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67
Feb 9, 2015
02/15
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KQED
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now, hsbc secrets are out. it starts with a leak. hsbc's private bank in switzerland deals with wealthy clients. now we know how. they show widespread tax evasion and a bank prepared to keep dodgers ahead of the law. with assets not declared, we discussed her options. these funds were not declared. >> i think they were a tax avoidance and tax evasion service. because that is what they were. >> stephen green ran hsbc at the time and oversaw the bank that broke the law. the government has seen the damning files but still promoted him as a tory year and made him a minister. -- a torry peer and made him a minister. you are helping people dodge tax. why would you do that? at the time, millions of pounds. the things you were allowing to happen, how can you defend that? hsbc told us it has fundamentally changed its private bank and has far fewer clients. it now puts compliance and tax transparency ahead of profitability. richard dawson, bbc news. >> and a short time ago, i discussed these allegations with the washington bureau chief for the
now, hsbc secrets are out. it starts with a leak. hsbc's private bank in switzerland deals with wealthy clients. now we know how. they show widespread tax evasion and a bank prepared to keep dodgers ahead of the law. with assets not declared, we discussed her options. these funds were not declared. >> i think they were a tax avoidance and tax evasion service. because that is what they were. >> stephen green ran hsbc at the time and oversaw the bank that broke the law. the government...